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tv   Asia Business Report  BBC News  May 16, 2018 1:30am-1:45am BST

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north korea has suspended talks with south korea. it's in protest at military exercises with the united states. pyongyang also warned washington to think carefully about whether next month's summit between kimjong—un and the us president should go ahead as planned. the united nations security council has held a moment's silence for the 60 palestinians who were killed by israeli forces over the past two days. two more palestinians were shot dead in gaza while the emergency session was taking place. and this video is trending on bbc.com. the very rare blue diamond, which has sold at auction in geneva for $6.7 million, after spending the last 300 years in european royal houses. it sold after just four minutes of bidding, passing its estimate of more than $1 million. that's all from me. stay with us here on bbc news. our top story here in the uk: the scottish parliament has voted not to consent to the brexit legislation being debated
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by the british parliament. members are unhappy that their powers could be limited for up to seven years. now let's all the latest business news live from rico in singapore. stocks open in the red after official data shows japan's economy is facing each contraction for the first time in two years. —— tokyo's stocks. facebook reveals how much violent and dangerous content company violent and dangerous content co m pa ny re m oves violent and dangerous content company removes and how much they miss. good morning, asia. hello, world. it is a wednesday, glad you could join us for this edition of asia business report. i am rico hizon. we start off with the japanese economy and bad news, it
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has officially ended its longest stretch of international expansion since the 1980s. the economy has contracted in the first three months of this year, it is down by 0.2%. for more, i'm joined of this year, it is down by 0.2%. for more, i'mjoined now of this year, it is down by 0.2%. for more, i'm joined now by my colleague and business reporter, katie silber. the growth streak is over. that's right, it's a quarters of successive growth and that was long as japan and had since it was in the bubble economy of the 1980s, and unfortunately yes, we have seen and unfortunately yes, we have seen a slight contraction today. the annualised figure is 0.6%, so then you need to extrapolate that very year. the nikkei is down and the yen has gone down. japan's economy minister, for example, it says in a statement that has just come out that there is no change to the government's view that the economy is recovering moderately. he says we predict a recovery in the economy
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driven by private expenditure, but we need to be aware of the impact of overseas volatility. it seems donald trump —— they want to blame donald trump —— they want to blame donald trump this contraction in the economy. that's right, so bad weather. people are not going out and spending, that also had a bad effect in terms of agriculture, the price of goods went up and people just were not spending as much. the other issue that analysts had not foreseen was that capital expenditure went down, so they had thought business was going to be maintained as a strong sign of business sentiment, but that as we saw in that statement, was also down. the other problem was international exports. there was not as much demand from the international community forjapan‘s products, but it is seen as a potential speed bump, not just products, but it is seen as a potential speed bump, notjust an ongoing issue. they are hopeful that
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it will cover itself. and hopefully with the japanese yen a week against the us dollar, this could boost export receipts this quarter. exactly, that is the other hope. they also hope that the ongoing trade tensions are perhaps alleviating between the us and china, they are hopeful that i will demand will grow up for their products. thank you so much for that update on the japanese economy, contraction for the first time in eight quarters. facebook has published a report detailing the volume of inappropriate content found and subsequently blocked or deleted on the social network. it is the first time the company has shared data on the size and scale of different types of abuses. it paints a revealing picture about what is working and what isn't. a north america technology reporter dave lee says the company is under a lot of pressure to be more transparent. this support has been published today, on tuesday in california, it
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isa today, on tuesday in california, it is a landmark report. it is the first time they have put this data into the public domain, indeed it is the first time they have collected some of the state for itself, they have had to develop new ways of counting inappropriate content on facebook in order to get a full picture, or at least attempt to get a full picture of some of the problems the social network faces. that is what is contained in this report. they do say it will be the first of several, they are going to continue developing the methodology. and i think what this is really about is the company trying to show that it about is the company trying to show thatitis about is the company trying to show that it is improving in this area and in the places where it still has and in the places where it still has a long way to go, and there are quite a few of those, that it is doing its best to develop its technologies or investing in real human beings to together tackle the problem. regarding hate speech, why is it so difficult for computers to stop? yes, well, it is interesting. they divided the support into several different sections, graphic
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violence was one, hate speech was another. sexual content, nudity was another. sexual content, nudity was another. interestingly in some of these categories, automation is very, very good at spotting when something was in violation, particularly the nudity, where a computer can be taught to spot that kind of image. it is much more difficult with something like hate speech and that is where we saw facebook‘s automated systems being much less effect than instead, they are relying on human beings to see hate for content, report to the company, and then facebook‘s own human moderation team would take a look that. the reason why of course is that hate speech is much harder to define, what could be hateful in one to define, what could be hateful in o ne co ntext to define, what could be hateful in one context might not be in another, and that is the big challenge that facebook needs to deal with if it is to get on top of this enormous issue. china's zt e has come into the
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cross ha i rs issue. china's zt e has come into the crosshairs of the trump administration, and the future of another chinese electronic giant is in question. in the us, huawei has struggled to find the latest model because major american companies have abandoned the product under pressure from washington. joe miller has more from the us state of pennsylvania. in rural pennsylvania, like — like 5; finally 55555: 5 5: 5:5: 55 —:5 just 55555: 5 5: 5:5: 55 —:5 [a which 5 here 55555555 5555555555
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